Get started
Nifty Bank Index
Short

From a longer perspective, there is a still problem in BANKNIFTY

By Trade-Technique
  • Long term tight channel since 2016.
  • 3 excesses at the value and one excess at value low.
  • 5 waves are completed.
  • A previous Resistance and Wave(3) at28227(can be upcoming support).
  • 50 days moving average is at 28080 nearby (too far for work as support).
  • Measurement of all falls mentioned in the chart, as per this measurement expected current until 13th Aug 2019(approx. plotted).


Conclusion: From a longer perspective, there is a still problem in BANKNIFTY.
BANKNIFTYbanksecretdowntrendindialong-termnseParallel ChannelPivot PointsSupply and DemandSupport and Resistancetimecycle
Trade-Technique

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.